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Cap Gemini


Proof of concept

Corporate KYC (Know-Your-Customer) - Use Case

Identified problems that project wants to solve with a blockchain approach

  • Today the full KYC onboarding process of corporate at a Financial Institution takes up to three months and cost up to €50k
  • When a company wants to be onboarded at a second bank, the second bank also has to do the same KYC verification process
  • This solution makes it possible for corporates to buy and sell each others’ data if the company gave specific consent to do so
  • This makes it possible to reduce the onboarding time with weeks and save a lot of manual verification costs while having access to verified data and pieces of evidence


  • At first the four largest Belgian banks
  • In a second phase, banks across Europe can potentially join the network
  • Isabel as the network operator
  • Corporates from more than 5 European countries
  • Regulators
  • Governmental and official data providers for the pre-filling of KYC data
  • In a second phase possibly accountants and lawyers


  • Possibly the first decentralized corporate KYC solution for financialiInstitutions to go live across multiple countries
  • Large cut in KYC verification costs and labour
  • A much faster and smooth user experience from the side of the corporate
  • A fully digital and secure KYC solution, replacing current paper-based and error-prone KYC processes
  • An ultra-secure solution that integrates with and meets the highest standards of the Financial Industries IT systems, leveraging the newest technologies

Mobile tokenized money - Use Case 

  • There is a strong interest of Telcos to create digital tokens and loyalty points that can be used for a wide range of applications
  • Those tokens can be used to do online or in-store payments or to send money peer-to-peer, to do remittance payments or as cash back (for mobile data for example) and loyalty system with other companies
  • By having a fully digital and in-sync system across a network of parties, there is no more need of reconciliation and errors are automatically limited and easily found due to the nature of blockchain technology
  • This system also makes it possible for unbanked people who have a mobile phone to start having digital cash and are no longer dependent on banknotes
  • In a next phase different telcos could create one shared application across telcos before a third party comes with a platform that makes them obsolete (see Whatsapp)

Sectors finance
Useful links

Scope and objectives Case from portuguese startup applied outside Portugal

Good practice criteria

Main partner
Intellect EU
Intellect EU
Alameda dos Oceanos, Nº 61, 1.1, 1990-208 Lisboa
BLOCK4COOP partner

About Block4coop
Driving and implementing BLOCK CHAIN technology in the development of Industry 4.0

The main objective is to contribute to the digital transformation of companies from southwestern Europe and to improve their competitiveness through the use of Blockchain technology in organisations' development of Industry 4.0 by means of the provision of information, counselling and interaction services between developers and users.